LH QUANTUM TECHNOLOGY FUND - Accumulation

Inception Date

July 29, 2025

Benchmark

The benchmark is based on the performance of the Master Fund, weighted at 100%, adjusted for foreign exchange hedging costs at 80%, and converted into Thai Baht returns using the prevailing exchange rate at the performance calculation date at 20%.

Fund Size

350 M

Fund Manager

Ponlasin Kijmuntarvorn Pornphen Chuleeprasert

FX Hedging

No

Dividend Policy

None

Investment Policy

The Fund has a policy to invest in units of an offshore mutual fund (the “Master Fund”) with an investment mandate focused on equities. The Fund will invest, on average over an accounting year, at least 80% of its Net Asset Value (NAV) in the Master Fund. The LH Quantum Technology Fund invests in units of the Defiance Quantum ETF (the “Master Fund”), which is denominated in U.S. Dollars (USD) and is listed exclusively on the NASDAQ Stock Market. The Master Fund is established and domiciled in the United States of America (USA), with Defiance ETFs, LLC acting as the investment adviser. The Defiance Quantum ETF seeks to achieve investment results that closely correspond, before fees and expenses, to the performance of the BlueStar Quantum Computing and Machine Learning Index (the “Reference Index”). The Index comprises equity securities of leading global companies engaged in next-generation technologies, including companies in emerging markets. The Index is developed by BlueStar Global Investors, LLC (“BlueStar” or the “Index Provider”) and focuses on sectors such as Quantum Computing Technology, Machine Learning Services, Artificial Intelligence (AI), GPU & Hardware, Big Data, and Cloud Computing. Accordingly, the Fund will have an average net exposure of not less than 80% of its NAV to foreign investments during an accounting year, or such other proportion as prescribed by the Office of the Securities and Exchange Commission (SEC). Should the Master Fund become listed on additional stock exchanges in the future, the Management Company reserves the right to change the trading venue for investments in the Master Fund to a stock exchange in another jurisdiction and/or change the principal investment currency, including any subsequent changes resulting from a change in the trading venue. Such changes shall be deemed approved by the unitholders. In considering any change to the trading market and/or trading currency of the Master Fund, the Management Company will act in the best interests of the Fund and will provide advance notice to investors within a timeframe that allows them to make informed investment decisions and/or disclose such changes through the Management Company’s office, appointed distributors, and relevant electronic channels. The remaining assets of the Fund may be invested in both domestic and foreign investments, including deposit-like instruments, bank deposits, debt securities, equity securities, hybrid securities, warrants, as well as other securities, assets, or alternative income-generating opportunities, as specified in the Fund prospectus and as prescribed or approved by the SEC Board or the SEC Office. The Fund may enter into financial derivative instruments (FDIs) for the purpose of hedging foreign exchange risk, at the discretion of the Fund Manager. Hedging decisions will depend on prevailing market conditions and relevant economic, political, monetary, and fiscal factors. If the Fund Manager expects the U.S. Dollar (USD) to depreciate, the Fund may implement a relatively high level of currency hedging. Conversely, if the U.S. Dollar is expected to appreciate, the Fund may choose not to hedge or may hedge only a limited portion of its foreign exchange exposure. However, if the Fund Manager determines that hedging may not be in the best interests of unitholders or may adversely affect potential returns, the Fund may remain unhedged. Investors should note that hedging transactions may involve costs that could reduce the Fund’s overall returns. In addition, the Fund may use derivatives for efficient portfolio management (EPM) and/or hedging purposes, with foreign exchange rates as the underlying assets, in order to enhance investment returns and/or reduce fund expenses, subject to applicable SEC regulations. The derivatives entered into by the Fund will generally have foreign exchange rates as their underlying assets. If events affecting the derivatives or counterparties occur, or if a counterparty fails to meet its contractual obligations, the Fund may not achieve the expected returns and could incur losses. Nevertheless, the Management Company will evaluate and continuously monitor factors affecting the underlying assets, as well as the creditworthiness of counterparties. The Fund will primarily transact with counterparties that are rated Investment Grade. The Fund may invest up to 20% of its NAV in units of other mutual funds managed by the Management Company, subject to the Fund’s investment policy and SEC regulations. Such investments must comply with applicable regulatory requirements. The underlying fund may not invest back into the Fund (no circular investment), and may invest further in another fund under the same management company for no more than one additional layer. Voting rights relating to investments in affiliated funds shall be exercised in accordance with SEC regulations, and the feeder fund shall not direct the voting decisions of the underlying fund. Furthermore, the Fund may invest in or hold structured notes, non-investment-grade debt securities, unrated debt securities, and unlisted securities. The Fund may also engage in securities lending transactions, reverse repurchase agreements (reverse repos), and other investments or income-generating activities as specified in the Fund prospectus and as prescribed or approved by the SEC Board or the SEC Office.